Company Update


4 May 2010	HAECO is awarded "Best MRO in Asia" HAECO is awarded ‘Best MRO in Asia’ at the 2010 Aircraft Technology Engineering & Maintenance (ATEM) Awards, organized by UBM Aviation. The awards ceremony was held in conjunction with Aviation Industry Group’s flagship event, the Airline Purchasing & Maintenance Expo, which took place in London on 5-6 May. Colin Hall, Managing Director of UBM Aviation Exhibitions, said, “Our congratulations to all the winners, who have proved they have what it takes to be the best in the commercial aviation market. The results of these awards are based entirely on the votes of people in the MRO supply chain industry, so it is a testament to every company which made it to the shortlist that they are truly valued by their customers.”

4 Feb 2010	HAECO Named "Airframe MRO Centre of the Year" HAECO has been named ‘Airframe MRO Centre of the Year’ at the 2010 Asia Pacific Aerospace & Defence Awards held in Singapore on 4 February. The award, organised by leading international growth consulting company Frost & Sullivan, underscores HAECO’s commitment to set new standards in the provision of maintenance, repair and overhaul services. Since its inception in 2008, the Asia Pacific Frost & Sullivan Aerospace & Defence Awards has recognised outstanding performance by aviation industry companies in regional and global markets, ‘The Airframe MRO Centre of the Year’ title is awarded to an exceptional service provider that has exhibited strong growth within and beyond its traditional borders. The awards are based on in-depth market research that compares the performance of a range of industry participants.

18 Nov 2009	DUNLOP TAIKOO OFFICIALLY OPENED FOR BUSINESS HAECO and TAECO today enter into partnership with Dunlop Aircraft Tyres to open a new retread and distribution facility in China. The facility, operating as Dunlop Taikoo (Jinjiang) Aircraft Tyres Company Limited, is based in Jinjiang, Fujian Province, the operation has full site and product approval from the Civil Aviation Administration of China (CAAC) and has also received full repair-station approval from EASA. In addition to the retreading of aircraft tyres, the facility will support customers in Asia Pacific by distributing new tyres that have been made at Dunlop Aircraft Tyres' manufacturing site in Birmingham, U.K.

14 Jun 2008	LANDING GEAR JOINT VENTURE OPENED IN XIAMEN Taikoo (Xiamen) Landing Gear Services Company Limited, China's first company to provide comprehensive repair/overhaul services to landing gear and related systems, opened in Xiamen on 14 Jun. It is a joint venture between HAECO, TAECO, Xiamen Aviation Industry, Cathay Pacific Airways, Japan Airlines International, CAL-Asia Investment Inc, Xian Aircraft International and Shaanxi Liaoyuan Hydraulic System, and is fully committed to be Asia-Pacific region's largest landing gear repair service centre.

2 Jun 2008	HAECO HELPS VICTIMS OF SICHUAN EARTHQUAKE HAECO's staff donation programme which aims to help the victims of the catastrophic earthquake in Sichuan has received overwhelming support from the staff. Together with the Company's matching contribution, the sum donated by HAECO totals HK$2.17 million. The donation has gone to "Hospital Authority Charitable Foundation" for Sichuan quake relief.

27 Mar 2008	AIRBUS TO PROVIDE TAECO WITH EXPERTISE FOR DEVELOPMENT OF CABIN COMPLETION CENTRE Airbus signed an agreement with Taikoo (Xiamen) Aircraft Engineering Co. Ltd. (TAECO) to help create a cabin completion centre in China for Airbus corporate and business jets. Airbus will assist TAECO in training of its personnel in such areas as supplier network development, engineering and design, and aircraft cabin conversion, in order to enable TAECO to become qualified as a potential supplier for Airbus' Cabin Completion business. Upon the completion of the project, TAECO will become the first approved "Cabin Completion Centre" for Airbus corporate and business jets in China as well as in Asia.

11 Jan 2008	HAECO AND SPIRIT AEROSYSTEMS TEAM TO OVERHAUL 777 TRENT 800 THRUST REVERSERS FOR CATHAY PACIFIC HAECO has teamed up with Spirit AeroSystems, the Trent 800 nacelle and thrust reverser original equipment manufacturer, to provide overhaul, repair, and modification services for Boeing 777 Trent 800 thrust reversers. Spirit will oversee the administration, supply the rotable assets, and HAECO to perform the actual service work at its component workshop in Tseung Kwan O (TKO). The cooperation will enhance HAECO's composite repair capability and become one of the few overhaul shops in the world which is capable of repair and overhaul of Trent 800 thrust reversers.

3 Dec 2007	HAECO SUPPORTS ORBIS TO COMBAT BLINDNESS ORBIS' Flying Eye Hospital recently visited Hong Kong on a 3-week fund-raising mission. HAECO has been a long-term partner of ORBIS. By volunteering our services to ORBIS, assisting in the organizing of visits and supporting the media events, we aim to let Hong Kong people see how ORBIS carries out its sight-saving projects and understand how their donations could help people regain their sight. HAECO's support to ORBIS is evidence of our commitment to Corporate Social Responsibility - a business philosophy of "giving back to the communities where it works".

13 Jun 2007	FIFTH HANGAR FOR TAECO Taikoo (Xiamen) Aircraft Engineering Company Limited (TAECO), a subsidiary of HAECO, opens its fifth hangar today which can accommodate two wide-bodied aircraft. This will expand TAECO capacity to ten wide-bodied aircraft and four narrow-bodied aircraft simultaneously.

23 Feb 2006	HAECO JOINS AIRBUS MRO NETWORK HAECO/TAECO has signed an agreement with Airbus to become a member of the Airbus MRO Network. The Airbus MRO Network ensures a worldwide availability of competitive, quality maintenance services from MRO providers with Airbus aircraft experience. "Joining the MRO Network will provide us with a great opportunity to work closer with Airbus and participate in their initiatives, which will benefit both HAECO and the services we provide to our customers and other Airbus operators" says P. K. Chan, Deputy Chairman and Chief Executive Officer of HAECO.

20 Dec 2005	TAECO OPENS FOURTH HANGAR TAECO REDELIVERS NEWLY CONVERTED BCF TO BOEING TAECO & BOEING SIGNED MOU FOR ADDITIONAL BCF CONVERSIONS Taikoo (Xiamen) Aircraft Engineering Co. Ltd. (TAECO), a subsidiary of Hong Kong Aircraft Engineering Co. Ltd. (HAECO), opened its fourth hangar on 19th Dec, 2005. At its opening ceremony, TAECO also handed over the brand new 747-400 BCF, or Boeing Converted Freighter, to Cathay Pacific Airways, the BCF's launch customer. On the same day, Boeing and TAECO signed a Memorandum of Understanding (MOU) for 17 additional conversions. Following finalisation of a firm contract by both parties, this latest cooperation will increase the potential number of 747-400BCF conversions to be performed by TAECO to 50.

16 Nov 2005	HAECO SUPPORTS A WORTHY CAUSE ORBIS' Flying Eye Hospital recently visited Hong Kong on a fund-raising mission in October 2005. HAECO has been a big supporter of ORBIS for many years offering logistics support whenever the DC-10 aircraft comes to Hong Kong. Paul Forrest, Head of ORBIS in Hong Kong, said that "without HAECO's assistance, we wouldn't be able to share what we do with our donors and we certainly wouldn't be able to raise the necessary new funds needed to give more people back their sight. HAECO is a wonderful friend of ORBIS." HAECO's support to ORBIS is evidence of our commitment to Corporate Social Responsibility - a business philosophy of "giving back to the communities where it works".

27 Jan 2005	AWARD OF EXCELLENCE HAECO was awarded the "Award of Excellence" from Finnair for delivery "superior ground handling service" at Hong Kong International Airport since February 2002.

20 Jan 2005	HAECO GIVES SUPPORT TO TSUNAMI SURVIVORS The Management and Staff of HAECO had launched a staff donation programme, in which the Company pledged to match staff donations dollar for dollar. Together with the Company's matching contribution, the donation totaled HK$1.2 million. The donation has gone to "Hong Kong Red Cross - South Asia Relief Fund" to help the tsunami survivors.

24 Feb 2004	HAECO AND MAS SIGNED "EXPRESSION OF INTEREST" HAECO and Matsushita Avionics Systems Corporation have signed an "Expression of Interest" to consider the possibility of entering into a collaborative arrangement to provide competitive and efficient management service for various in-flight entertainment systems in Hong Kong.

24 Feb 2004	HAECO AND KLM SIGNED MOU HAECO and KLM Royal Dutch Airlines have signed a Memorandum of Understanding to study the feasibility of creating an Asset Management Company with Boeing B737 as a platform.

03 Feb 2004	CARING COMPANY AWARD HAECO was awarded the Caring Company for 2003/04 by the Hong Kong Council of Social Service for the second consecutive year in recognition of its social responsibility as demonstrated by its efforts to employ the handicapped, support charity events, offer volunteering services, provide bursary to students in need, and care for its staff & family members as well as its retirees.

Dec 2003	SAFETY GOAL AWARD HAECO was awarded Safety Goal Award from Hong Kong Airport Authority for the second consecutive year in recognition of its efforts in improving ramp safety. HAECO achieved excellent results in reducing Personal Injury Rate & Traffic Accidents, and achieved zero Ground Incidents & Chemical Spillage Incidents.

05 Aug 2003	WASTEWI$E LOGO HAECO was awarded the Wastewi$e Logo by the Environmental Protection Department in recognition of its efforts to protect the environment and reduce waste.

02 May 2003	JAPAN AIRLINES AWARDED CERTIFICATE OF APPRECIATION TO HAECO HAECO, by rendering ramp equipment services to Japan Airlines (JAL), achieved the record of 10,000 flights ramp incident free and four years ramp incident free for the airline. As a token of gratitude, JAL awarded a Certificate of Appreciation to HAECO.

24 Mar 2003	SR TECHNICS AND HAECO SIGN LOGISTICS SERVICES AGREEMENT Agreement was signed between SR Technics and HAECO covering provision of Component Logistics Services by HAECO for a range of A320/321 components that SR Technics is contracted to manage for Dragonair under their Inventory Technical Management Agreement.

03 Dec 2002	BEST ASIA-PACIFIC INDEPENDENT MRO OPERATION 2002 AWARD HAECO was chosen for the award by Overhaul & Maintenance and Aviation Week because of "its dedication to safety, quality and integrity, its long history of engineering and business innovation and excellence, and its strong financial performance in the face of one of the most severe downturns in the history of commercial aviation".